Sat. Jul 24th, 2021

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    Twitter announced its balance sheet for the fourth quarter of 2020.

    Accordingly, the company’s revenue in the last quarter of last year increased by 28 percent compared to the same period of the previous year to $ 1.29 billion. The company generated $ 1 billion in revenue in the fourth quarter of 2019.

    Twitter’s revenue in 2020 increased by 7 percent compared to the previous year, reaching $ 3.72 billion. The social network generated $ 3.45 billion in revenue in 2019.

    The profit of the company in the last quarter of 2020 was $ 222 million, increasing by 87 percent compared to the same period of the previous year. Twitter’s profit was calculated as $ 118.7 million in the last quarter of 2019.

    Twitter made a loss of $ 1.14 billion in 2020. The company made a profit of $ 1.47 billion in 2019.

    On the other hand, the average number of daily active users of Twitter in the fourth quarter of last year increased by 27 percent compared to the same period of the previous year and reached 192 million.